Benefits and challenges of Vehicle-to-Grid technology to the grid

Abstract

This bachelor's thesis provides a literature review of the advantages and challenges of vehicle-to-grid technology on the grid. The objective of this study is to explore the impact of vehicle-to-grid services on the grid, to explore their unique advantages especially in technical aspect, to predict the challenges to be faced and to find ways to improve them. For the advantages of V2G technology on the grid, this thesis focuses on peak shaving, load balancing, as distributed energy storage and renewable energy integration; for the challenges this thesis focuses on the technical aspects, exploring issues such as battery degradation, charging efficiency, impact on distributed devices, and also mentions the challenges at the economic level. This thesis will first review the existing literature to understand the current state of V2G technology and its applications. This will be followed by uncovering the benefits of the application of V2G technology for the grid as well as the challenges of technology diffusion as compared to conventional technologies.

Through a combination of theoretical insights and empirical evidence, this thesis hopes to contribute to the growing body of knowledge on V2G services. Ultimately, it hopes to inform policymakers, utility providers, and researchers about the potentially transformative role of V2G technologies in facilitating a robust and resilient energy infrastructure.